Needham analyst Joshua Reilly added Tyler Technologies (TYL) to the firm’s Conviction List and keeps a Buy rating on the shares with a $750 price target. Needham removed Twilio (TWLO) from the list. It names Tyler a top pick for 2026. The company is positioned to move past its main headwind to multiple compression in 2025, lower new software-as-a-service bookings, the analyst tells investors in a research note. With easier comparisons and the opportunity to win some larger deals in 2026, Needham expects “some mean reversion” to Tyler’s valuation multiple.
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